Equity Research Analyst Intern

Position: Equity Research Analyst Intern

Company Name: Karanwal Capital

Internship Type: Full-Time

Work Mode: Remote (Work From Home)

Internship Duration: 3 Months (March 1, 2026 – May 31, 2026)

Working Days: 5 Days per Week

Stipend: 22,000 – 28,000 per month

Number of Openings: 3

About the Opportunity

Job Nexus India is hiring Equity Research Analyst Interns for Karanwal Capital, a systematic investment firm and family office managing over $25M+ in proprietary assets.

This internship is a high-impact, research-intensive program designed for candidates who want real exposure to equity research, valuation, and investment decision-making. Interns contribute directly to research used for capital allocation.

Role Overview

The Equity Research Analyst Intern will work closely with senior analysts to evaluate publicly listed companies using fundamental analysis and valuation methodologies. The role emphasizes financial modeling, sector research, and investment thesis development.

Key Responsibilities

• Build and audit integrated 3-statement financial models and DCF valuations
• Conduct bottom-up company analysis, focusing on business models, revenue drivers, cost structures, and management commentary
• Perform top-down sector analysis to assess industry trends, risks, and growth drivers
• Analyze quarterly earnings, financial disclosures, and conference call transcripts
• Update internal investment theses, assumptions, and price targets
• Prepare concise investment memorandums for internal investment committee review

Eligibility & Requirements

Education:

• MBA (Finance), CA, CFA (Level 1 or above), or
• Bachelor's degree in Finance, Economics, or related fields

Technical Skills:

• Advanced proficiency in Microsoft Excel (financial modeling, valuation, analysis)
• Strong understanding of corporate finance, accounting, and financial statements
• Familiarity with valuation techniques including DCF and relative valuation

Core Competencies:

• Strong written communication and analytical skills
• High attention to detail and structured thinking
• Intellectual curiosity about markets, businesses, and economic trends

Internship Timeline

• Application Deadline: February 5, 2026
• Interview Window: February 6 – February 20, 2026
• Internship Start Date: March 1, 2026
• Internship End Date: May 31, 2026

Selection Process

• Resume shortlisting based on academic background
• Equity case study (48-hour submission window)
• Technical interview focused on financial statements and valuation logic
• Final cultural and role-fit discussion

What You Will Gain

• Direct exposure to live investment research used for managing proprietary capital
• Regular mentorship and feedback from experienced equity analysts
• Internship Certificate and LinkedIn recommendation for top performers
• Flexible, milestone-driven remote work structure
• Pre-Placement Offer (PPO) opportunity based on performance

About Job Nexus India

Job Nexus India is a staffing and recruitment firm that supports organizations by managing their hiring requirements. We work closely with client companies to identify suitable candidates and facilitate a structured, transparent recruitment process.